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What is IEPS?

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What is IEPS? Empty What is IEPS?

Post by Vandre on Sun Jun 15, 2014 4:02 pm

Just looked over my Wallmart receipt and noticed, along with IVA charge, there is an IEPS charge that came to about 2/3rds of IVA. I guess this is included in the posted price of items (like IVA), but just wondered what it was. Anyone know?

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Post by islandiver on Sun Jun 15, 2014 7:29 pm

fat tax to fight obesity crisis

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Post by sparks on Sun Jun 15, 2014 7:37 pm

IEPS or Special Tax on Production and Services, you pay for the production and sale or import of petrol, spirits, beer and tobacco, vendor pays the tax

http://losimpuestos.com.mx/ieps-impuesto/
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Post by Mainecoons on Sun Jun 15, 2014 10:31 pm

You mean "vendor takes your money and pays the tax."

Businesses don't pay taxes, their customers do.

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Post by Vandre on Mon Jun 16, 2014 10:23 am

Didn't know. Thanks. Receipt is in the garbage now, so think I remember that the IEPS was something like 22.25 on wine of 125.p and 2 mini softdrink packs of 59.p That comes out to something like 12% on top of the 16% IVA. (If my math is correct). Wow

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Post by rs6000 on Mon Jun 16, 2014 11:35 am

IEPS is a special tax (Impuesto Especial sobre Produccion y Servicios) ands is 8%, junk food includes this tax:

http://www.atencionsanmiguel.org/2014/01/24/new-ieps-tax-does-not-taste-so-sweet/

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